Corero Network Security (LON:CNS) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Corero Network Security plc (LON:CNS) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 19.69 ($0.25) and traded as low as GBX 19.68 ($0.25). Corero Network Security shares last traded at GBX 20.15 ($0.25), with a volume of 64,800 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 23.50 ($0.29) price target on shares of Corero Network Security in a report on Tuesday, September 24th.

Corero Network Security Stock Performance

The stock has a market capitalization of £103.20 million, a P/E ratio of 675.00 and a beta of 0.46. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of GBX 22.19 and a two-hundred day moving average price of GBX 19.79.

About Corero Network Security

Corero Network Security plc is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero’s award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting.